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Planet Labs (PL) Shares Skyrocket, What You Need To Know [Yahoo! Finance]
Last broadcom inc. earnings: 3/12 04:15 pm
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US:NASDAQ Investor Relations: investors.broadcom.com
For the quarter, Planet Labs announced revenue of $81.25 million, a 32.6% year-on-year increase, and adjusted earnings per share of $0. This performance surpassed Wall Street's expectations for revenue of $72.13 million and a loss of $0.04 per share. The company also turned free cash flow positive, reporting $911,000 compared to a loss of $3.56 million in the same quarter last year. Looking ahead, the company provided a bullish outlook, guiding for fourth-quarter revenue of $78 million at the midpoint, ahead of the $73.39 million consensus. Furthermore, it raised its full-year adjusted EBITDA guidance to $7 million, a significant improvement from analysts' prior estimate of a $3.21 million loss. Is now the time to buy Planet Labs? Access our full analysis report here Planet Labs's shares are extremely volatile and have had 59 moves greater than 5% over the last year. But moves this big are rare even for Planet Labs and indicate this news significantly impacted the market's perc
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